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The Times: Need to know: Natural resources

November 16, 2007

Royal Dutch Shell, the oil and gas group, has confirmed an attack on a pipeline linked to the Forcados oil terminal in Nigeria. A Shell spokesman in Lagos said this had been confirmed by the company’s “sources” in the area.

BP, the oil giant, saw its shares fall by 3 per cent after it said it will shed 10,000 employees in the US and sell its petrol pump forecourts to franchisees.

http://business.timesonline.co.uk/tol/business/industry_sectors/article2879893.ece

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